STEEmit HELp : How Calculate the VOTE value & What are the FACTORS Affected to it.......steemCreated with Sketch.

in steemit •  6 years ago 

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Hello my sttemian friendzzz....
Steemit is the best platform to earn money.Today I focus the main problem of steemit users.my topic is "How Calculate the VOTE value & What are the FACTORS Affected to it.......".
If you are calculate the vote value by manually, it can be really messy.But I will try to introduce it sinple words,therefore all can understand it very easily.

CALCULATE THE VOTE POWER


Concept Of VESTS

First of all you should familiar with this word.What is Vest? This is a pretty massive topic to cover, however, i will keep it simple and easy.  Every steemers have 3 crypto currencies.Such as Steem , Steem Power & SBD.

Basically Steem powers are Steem coins.but in this platform , steem can't power up our post.but steem power can power up our posts.that is the main difference of the steem power & steem.

However, just like in a stock exchange, if you’d like to buy shares, you invest some of your money (your liquidated asset) to buy stocks. Now, stocks are also money but not in liquid form unless you sell those stocks to get cash. So the amount of Steem Power is basically that Stock and on steemit, that stock is called vests. Cost of vests is not the same as cost of steem. We should assume that the cost of steem stays constant in market, so the amount of steem it would take to purchase certain number of vests will be a significantly more when contrasted with the measure of steem it would take to purchase same number of vests, today.  To condense, so as to purchase Steem Power (Vests), you would move your Liquid Steem (Cryptocurrency) to have more impact on the stage. )

One might ask that what does it mean to have 100 SP if SP is basically vests?

The esteem you are seeing against your SP is really the amount of Steem that is required to buy the measure of vests you have at this moment.

Its extremely simply one more method for indicating things diversely to make it increasingly graspable to ordinary clients and to keep things basic.

I trust the clarification on vests is satisfactory and on the off chance that somebody has any further inquiries on this, they are very free to ask me in the remark area.

I might want to return to the current issue, which is the manner by which to ascertain vote esteem.

(01) Get Number of Vests You Have Right Now

This is genuinely simple to do and does not include any unpredictable computations. Go to https://steemd.com/@username

Kindly keep in mind to compose your own username as referenced in the previously mentioned connection. Once inside the page, on upper right corner, you can detect the measure of vests that you have. For outline, screen capture is connected :-

ADCE07F5-8602-4080-AF27-357AEAE8F84A.jpg
I might want to include here that I am a basic man and keep things straightforward, which implies I have neither deleagted my SP to somebody nor I have gotten any designation from somebody. On the off chance that you have done as such (either appointed or got designation), this measure of vest is only your unique SP and you should include got SP and should subtract assigned SP so as to get the absolute vests.

Look down the page of steemd and you will discover some details about your record. Search for "vests", which will be some place in the center. When you recognize the details identified with your vests, this is the thing that the genuine measure of vests that you have would resemble:-

Total vests = vesting shares + Received vesting shares - delegated vesting shares

This will be your all out SP as far as Vests. An outline of where to discover your vesting data on steemd is appended beneath.

P.S I featured Vesting pull back rate on the off chance that you are in shut down mode so you can promote short this incentive from absolute vests in the event that you have to discover that what might be your all out vests after next shut down.
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(02) Increasing Total Vests with 1,000,000

The following stage engaged with ascertaining vote esteem is to duplicate 1,000,000 with your all out vests since steem esteem is related with Mvests (uber vests) and 1 Mega = 1,000,000 units.

For clarification purposes, I would figure my own vote esteem. Along these lines, for this progression, my absolute vests would move toward becoming:-

791,669.633441 * 1,000,000 = 791669633441 Vests

(03) Recognizing Recent Claims

Visit https://steemd.com and under the heading of Reward Fund, discover the estimation of recent_claims. A screen capture is appended herewith:-

9338D8A6-AC81-45CD-88AF-E7053488763F.jpg
According to the site, the ongoing cases add up to 414,899,440,537,694,779. The ongoing cases are the vests that have been asserted by steemit network as far as remunerations.

(04) Division of Total Vests by Recent Claim

This is genuinely straightforward. To make it significantly progressively straightforward, I am naming the result of this progression as X1 since it is only a middle of the road aftereffect of an emphasis and not the last answer. So the condition will move toward becoming:-

X1 = total vests / recent claims (vests)
X1 = 791669633441 / 414899440537694779
X1 = 0.0000019081
(05) Duplicate X1 with Reward Pool Balance

We are genuinely comfortable with the idea of Reward Pool. Every day, a set measure of remuneration pool is created through which we acquire our prizes. As the prizes are conveyed among steemit individuals (as upvotes), pool begins to decrease.

At a given moment, steemd.com will give you the rest of that compensate pool balance.

At the season of composing this post, compensate balance is 703,681.179. So duplicating prize pool balance with X1 will be :-

X2 = X1 * 703,681.179
X2 = 0.0000019081 * 703681.179
X2 = 1.3426940576499

(06) Mutliplying X2 with Steem Price

Steem Price is obviously the most powerful factor in computing vote esteem (as we as a whole know this as of now). Here, the X2 Product should be mutliplied with current Steem Price. The steem cost is determined as number of SBDs it takes to get one steem.

The right steem cost on blockchain can be taken by means of steemd.com under the heading of "feed_price". Representation is given underneath:-

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Hence the actual steem price would be

Base price / Quote
= 4.151 / 1
= 4.151 SBD/Steem
Presently somebody may contend that since SBD is of a lot higher incentive than Steem, at that point for what reason does it take 4.151 SBD to purchase 1 Steem?

That is on the grounds that the blockchain will dependably consider SBD of 1$ Value regardless of on the off chance that it is being sold in open market for 100$.

So Now, duplicating X2 with Steem Price would yield:-

X3 = X2 * Steem Price
X3 = 1.3426940576499 * 4.151
X3 = 5.5735230333047349
(07) Ascertaining Vote Value at 100% VP with 100% Vote Weight

My most noteworthy conceivable vote would deduct 2% of my VP so I will figure my greatest vote esteem :-

Vote Value = X3 * 2/100
Vote Value = 5.5735230333047349 * 0.02
Vote Value = 0.111470460666094698 $
Vote Value (After rounding off) = 0.11$
In the event that I need to toss in half Vote Weight on 63% VP, my vote esteem will be:-

Vote Value at 63% = 0.11 * 0.63
Vote Value at 63% = 0.0693 = 0.07 (appx)
If i want to throw in 50% Vote Weight on 63% VP then my vote value will be:-

Complete Formulae to Calculate Maximum Vote Value

To condense, I will put the whole figurings done above in single condition :-

Max Vote Value = (Total Vests * 1,000,000 * Reward Pool Balance * Steem Price * 0.02)/Recent Claims
(08) Contrasting Vote Value and Known Calculators for Authenticity of Method

There is a noteworthy online administration, that gives the adding machine capacity to check the vote esteem. I will contrast my outcomes with it to check and confirm my strategy for computing vote esteem.

The administration is steemnow.com. Go to the connection and compose yor username. Check the casting a ballot control as featured in screen capture beneath and check the vote an incentive in upper right corner. This is 0.11$ which is precise with the technique I have referenced previously. You can utilize the number cruncher capacity to ascertain your vote esteems at various settings of VP and Vote Worth. The screen captures are joined underneath:-
34988CAE-CC76-4C58-81D5-4F965DF5AD2A (1).jpg
for 63% VP, My vote value is:-

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for 63% VP and 50% Vote Weight, my vote value is:-

8BFDE48D-CADA-40F1-BD02-E4332C184053.jpg

These discoveries are in-accordance with my technique to compute vote esteems physically.

Variables Affecting Vote Value

Anybody with Maths foundation, will experience no difficulty understanding variables influencing vote an incentive since it is basically apparent from the condition written in past passage. Nonetheless, I would in any case record it in a nutshell to serve the whole steemit network.

As I have just referenced the last condition to figure vote esteem =

(Complete Vests * 1,000,000 * Reward Pool Balance * Steem Price * 0.02)/Recent Claims

Anything that increments over the division sign will expand your vote esteem, whatever increments underneath the division sign will diminish your vote esteem.

Anything that diminishes over the division sign will diminish your vote esteem and anything that diminishes underneath division sign will expand your vote esteem.

Despite factors in condition, the most influencing element in vote esteem is steem cost. The higher the estimation of steem, the higher the estimation of vote will be.

End

In this post, I have effectively determined the vote an incentive to teach the majority on how vote esteem is being determined off camera. Obviously nobody needs to experience overwhelming emphasess to check their vote esteem. You can generally watch that from the site https://steemnow.com with no issue.

I am certain the perusers have now gotten comfortable with the idea of vote esteem figuring and in process, have found out about vests, remunerate pool and steem cost too..

Best Regards

MAXPAY

Thumbnail picture structured on canva instrument with free foundation and rest of the pictures are screen captures taken from my telephone

steemnow.com is structured by @penguinpablo

steemd.com is structured by @roadscape

Extraordinary gratitude to @vortac for his determined help to my blog

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